Tag: Standardization

Blockchain experts invited to highlight use cases to benefit from standards

Use cases of blockchain and distributed ledger technology (DLT) are emerging in sectors such as telecom, finance, supply chain and government, leading organizations across the United Nations system to examine how applications of blockchain technology could increase the efficiency and transparency of UN operations.

ITU, the UN specialized agency for information and communication technologies, is soliciting input on promising DLT-based use cases, the benefits realized by DLT in these specific use cases, and their associated standardization needs.

The Focus Group is expected to complete its work by September 2019. One of the group’s priorities is to deliver an ‘assessment framework’ to support efforts to understand the strengths and weaknesses of DLT platforms in different use cases. The group is also developing a high-level DLT architecture – a reference framework – detailing the key elements of a DLT platform.

Distributed ledger technologies enable trusted transactions free of a middleman. These distributed or shared ledgers record events by replicating the relevant data across multiple computer systems, offering a transparent means of managing data and verifying its accuracy.

Distributed ledger technologies are proving applicable to a wide range of records-management activities. The Focus Group’s establishment comes in response to growing recognition of the value of distributed ledger technologies in recording financial transactions and enabling efficient Identity Management in the context of the Internet of Things.

The Focus Group will be chaired by David Watrin, Head of Security and Intelligence at Swisscom. It will investigate new services and applications built on distributed ledger technologies to determine where international standardization could amplify the benefits of these technologies.

The Focus Group will bring together service and platform providers, network operators, regulators, international organizations and standards bodies to share their perspectives on the potential of distributed ledger technologies and the challenges facing their broader adoption.

Contributions are invited to the first meeting of the Focus Group in Geneva, 17-19 October 2017

The Focus Group is inviting contributions detailing the state of the art in distributed ledger technology, highlighting relevant terms and definitions and elaborating the conceptual foundations of distributed ledger technologies and their applications.

Contributors are encouraged to identify established as well as potential use cases of distributed ledger technologies and related questions to be addressed by international standardization.

The meeting’s review of contributions and initial discussion of the standardization demands of distributed ledger technologies will inform the Focus Group’s definition of its structure, the responsibilities of its working groups and its targeted output documents and their development timeline.

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